Singapore Government Defends Sovereign Wealth Fund Performance Amid Criticism
The Singapore government defended its state investment vehicles, GIC and Temasek, following criticism from the Financial Times. Senior Minister Jeffrey Siow stated that the funds' returns are reasonable, assessed against their mandates and risk profiles.
Insights:
In response to recent criticism from the Financial Times regarding the performance of Singapore's sovereign wealth funds, Senior Minister of State for Finance Jeffrey Siow jeffrey siow addressed the issue in Parliament on January 12, 2026. Siow emphasized that the government evaluates the Government of Singapore Investment Corporation (GIC) and Temasek Holdings based on their specific mandates and risk profiles, rather than comparing them to other funds.
